Do NRIs need to maintain separate funds for equity and F&O?
NRIs using an NRO Non-PIS account at FYERS must maintain separate fund allocations for Equity Delivery and Futures & Options (F&O) trading. This requirement ensures compliance with custodial settlement processes and regulatory norms.
Fund allocation for Equity Delivery
- Transfer funds directly into your FYERS trading account via the Funds section.
- Ensure all transfers originate from your linked NRO bank account.
Fund allocation for Equity F&O
F&O trades are cleared through the custodian, Orbis Financial Corporation Ltd. Use the following bank details for F&O transfers:
| Field | Details |
|---|
| Account number | 201015731248 |
| Bank | Indusind Bank Ltd. |
| Account name | Orbis Financial Corp. Ltd |
| IFSC code | INDB0000033 |
| Branch | Fort Branch, Mumbai |
| Account type | Current account |
Always include your client code in the transfer remarks to avoid processing delays.
What if…
| Scenario | What you should know |
|---|
| F&O funds transferred to FYERS account | These cannot be used for derivatives. F&O funds must go directly to the custodian’s account. |
| Funds accidentally mixed | Contact us to assist with correction or reallocation. |
| Trading planned in both segments | Make separate transfers: one to FYERS for equity delivery, and one to Orbis Financial for F&O. |
Last updated: 13 Aug 2025
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